The FED met and did not raise the Federal Funds Rate though they did change their classification of the economy as growing at a solid rate.

The Non Farm Payroll report came out on Friday and job creation came in at 261k versus an estimated 310k.

Republicans released their tax plan and if passed would be the biggest tax change since the 1980’s. Normally this one would be a positive for stocks and bad for rate pricing but there is skepticism that this will not pass without major revisions.

Not much news this week. Rate pricing is neutral right now with not much movement after a lot of major announcements last week.